• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

Loan Guarantee Scheme for Covid-Affected Sectors (LGSCAS)

September 2, 2021
in Law & Policy
Reading Time: 3 mins read
0
Loan Guarantee Scheme for Covid-Affected Sectors (LGSCAS)
145
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news-Recently, the Union Finance Minister asked all stakeholders to conclude Loan Guarantee Scheme for Covid-Affected Sectors (LGSCAS) aimed at shoring up healthcare infrastructure in non-metros in time to deal with any future third wave.

About LGSCAS-

  • The Loan Guarantee Scheme for COVID-19 Affected Sectors was approved by the Union Cabinet on 30th June 2021. 
  • It provides guarantee to Scheduled Commercial Banks (SCBs) for loans given for new projects i.e Greenfield projects and for expansion i.e. Brownfield projects related to healthcare infrastructure.
  • The Scheme is aimed at upscaling the medical infrastructure in the country specifically targeting underserved areas. 
  • It is a scheme to provide guarantee by National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) for fund based or non-fund based facility upto Rs.100 crore extended by SCBs to eligible projects for setting up of or for modernising /expansion of: 
  • Hospitals/dispensaries/clinics/medical colleges/pathology labs/diagnostic centres.
  • Facilities for manufacturing of vaccines/oxygen/ventilators/priority medical devices.
  • Public healthcare facilities (the said projects should be in non-Metro cities).
  • Loans under the scheme are made available at a cheaper interest rate of 7.95%.
  • LGSCAS provides a guarantee of 50 percent for brownfield projects and 75 per cent to greenfield projects for loans sanctioned up to Rs.100 crore, set up at urban or rural locations other than 8 Metropolitan Tier 1 cities (Class X cities). 
  • For aspirational districts, the guarantee cover for both brownfield expansion and greenfield projects is 75%. 
  • The Scheme is applicable to all eligible loans sanctioned up to 31.03.2022, or till an amount of Rs. 50,000 crore is sanctioned, whichever is earlier.

National Credit Guarantee Trustee Company (NCGTC)-

  • NCGTC is a private limited company incorporated under the Companies Act 1956 on March 28, 2014.
  • It was established by the Department of Financial Services, Ministry of Finance, as a wholly owned company of the Government of India, to act as a common trustee company for multiple credit guarantee funds.
  • The intent of NCGTC is therefore, to manage multiple guarantee schemes as part of a larger financial inclusion programme of the government covering different cross-sections and segments of the economy like students, micro entrepreneurs, women entrepreneurs, SMEs, skill and vocational training needs, etc.

The following Credit Guarantee Trust Funds are under the trusteeship management of NCGTC:

  • Credit Guarantee Fund for Skill Development (CGFSD).
  • Credit Guarantee Fund for Education Loans (CGFEL).
  • Credit Guarantee Fund for Factoring (CGFF).
  • Credit Guarantee Fund for Micro Units (CGFMU).
  • Credit Guarantee Fund for Stand Up India (CGFSI).
  • Emergency Credit Line Guarantee Scheme (ECLGS).
  • Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS).

Credit Guarantee Scheme for MFIs.

image_pdfMake PDF
Source: PIB
Tags: PIBPrelims

Related Posts

FSSAI formulates regulations for ‘Ayurveda Aahara’ products

FSSAI formulates regulations for ‘Ayurveda Aahara’ products

May 13, 2022
National Family Health Survey (NFHS) – 5

National Family Health Survey (NFHS) – 5

May 10, 2022
Assam Cattle Preservation (Amendment) Act, 2021

Assam Cattle Preservation (Amendment) Act, 2021

May 9, 2022
Integrated Child Development Services (ICDS)

Integrated Child Development Services (ICDS)

May 9, 2022
Unique Disability ID (UDID) scheme

Unique Disability ID (UDID) scheme

May 7, 2022
Global Report on Food Crises, 2022

Global Report on Food Crises, 2022

May 7, 2022
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

May 7, 2022
India’s Civil Registration System report for 2020

India’s Civil Registration System report for 2020

May 6, 2022
World Press Freedom index, 2022

World Press Freedom index, 2022

May 5, 2022
Section 124A, India’s sedition law

Section 124A, India’s sedition law

May 5, 2022
Please login to join discussion

Our Offline Classroom Student

PRELIMS 2021 POLITY QUESTIONS ANALYSED

https://youtu.be/5q8hBcRGhAs

PRELIMS 2021 HISTORY QUESTIONS ANALYSED

https://youtu.be/v0SIZ7SUybg

CONGRATULATIONS TO 2020 TOPPERS !!!

Rank 25 Vaibhav Rawat 

Rank 218 Kankanala Rahul Reddy
Rank 385 Sagar A Wadi
Rank 504 Malashree MV
Rank 573 Shridevi B V
Rank 707 Mamatha G

COURSES OFFERED

PRELIMS SURESHOTS

May 2022
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Apr    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News News Paper Newspaper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News News Paper Newspaper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In